UAE Construction Market to Witness Significant Growth During Forecast Period

Increasing spending on large-scale infrastructure development and housing projects to drive UAE construction market through 2025

According to TechSci Research report, “UAE Construction Market, By Industry Type, By Region, Competition, Forecast & Opportunities, 2025”, construction market in UAE is expected to grow at brisk rate during the forecast period on account of growing use of innovative technologies to make the construction safer & efficient and increasing investment for the development of infrastructure.

Ongoing infrastructural projects in the country due to Expo 2020 is driving the construction market as the event is predicted to substantially boost the tourism of the country. Also, government of the country is showing active interest in diversifying the economy and reduce dependency on oil which will attract investors, propelling the growth of the construction market in the country.

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UAE construction market can be segmented based on industry type and region. Based on the industry type, market can be segregated into industrial, commercial, infrastructural and residential. Infrastructural industry type is forecast to account for significant share on the back of government’s focus on smart cities. Furthermore, massive public investment in infrastructure is projected to spur growth of the segment through 2025. Other initiatives by the government like Ministry of Education Strategic Plan 2017-21, Education 2020 Strategy, Dubai Tourism Strategy and Sheikh Zayed Housing Programme are catalyzing the growth in other industries.

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AE Arma-Electropanc, Consolidated Contractors Group, Bechtel, Fluor Corp, Arabtec Construction LLC, Al Futtaim Carillion, ACC Arabian Construction Company, Joannou & Paraskevaides Overseas Limited, Freyssinet Gulf LLC, among others are the leading players operating in the UAE construction market.

“Dubai is expected to account for the largest share in terms of region in the UAE construction market on account of projects such as Dubai South, Dubailand, among others and development of smart cities. Additionally, the government of the country plans to transform Dubai into world’s smart city in the next five years. Rewarded private and public contracts for the development of new hotels & commercial building and initiatives for Dubai’s new transportation are positively impacting the construction market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“UAE Construction Market, By Industry Type, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of UAE construction market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the UAE construction market.

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